Introducing my new book!
Over the years, it has been rare that older clients have not raised the issue with me as to how they can help their children financially... some have done so successfully and some less so.
So in response, I have written The Bank of Mum and Dad. It's a very straight forward guide highlighting some of the bigger pitfalls you should try to avoid as well as some tips you may not have thought of.
It runs through all the various Government schemes that are currently available to first home buyers and importantly how your child can use their super account to save tax while putting together a deposit.
Readers will understand the risks involved in providing guarantees, gifts and loans and will be able to make thoughtful, no-regrets decisions about this vexed question with confidence.
Any parent thinking of helping their child financially, should pause, read through this book and hopefully avoid some of the bigger faults that potential can tear families apart.
Copies are available for pre-publication orders although they won't be shipped until the book is released on August 1. I'm offering an early bird special this week for my valued readers - $24.95 + $9.95 shipping (It will be on sale for $29,95 on my website patriciahoward.com.au along with an Ebook version soon.)
Sothat's a discount of $5 off what will be the normal retails price and remember this book will only be available through my website.
As always, if you know of anyone who is unsure how to best arrange their finances as they move into retirement, particularly in light of this latest Federal Budget, please encourage them to contact me.
It could be a lifesaving, if not retirement saving, moment for them.
Patricia Howard
Patricia@patriciahoward.com.au